What does CBT stand for?

According to the Treasury Department, over half the revenue shortfall in the first quarter was attributable to Gross Income Tax and Corporation Business Tax collections, while sales tax revenues were slightly under budget.

Nonetheless, the Division of Taxation asserted corporation business tax (income tax) nexus.

Connecticut imposes a corporation business tax on every company "carrying on, or having the right to carry on, business in .

New Jersey The state Tax Court held (52) that the New Jersey corporation business tax is the state's only tax subject to the state tax addback requirement.

She wrote the Corporation Business Tax chapter of the New Jersey Tax Handbook and a member of the editorial board of the Journal of Multistate Taxation and Incentives.

The corporation business tax receipts are projected to decline 12.

86-272 only if those corporations do not consent to jurisdiction under New Jersey's regular Corporation Business Tax ("CBT").

As a consequence, if a DPAD results from growing and extracting; food processing; software development; filmmaking; sound recording; the production of electricity, natural gas or potable water; construction, engineering or architectural services; or agricultural and horticultural production, it will not be allowed for purposes of New Jersey's Corporation Business Tax.